Harrisonburg, Va. — Chain Bridge Capital has acquired North 38, an 816-bed student housing community located near James Madison University in Harrisonburg.
The property offers three- and four-bedroom, fully furnished units. Shared amenities include a resort-style pool, fitness center, tanning beds, a spa, game room, computer lounge, basketball courts, barbecue grills and a clubroom. Planned renovations at the property include upgrading internet service, flooring and lighting; and the addition of new smart televisions, a shuttle bus and premium furniture in select units. The seller and terms of the transaction were undisclosed.